Exhibit 99(d)(1)(ii)

Amendment to

Amended and Restated Investment Advisory

and Management Agreement

Between JNL Investors Series Trust and

Jackson National Asset Management, LLC

This Amendment is made by and between JNL Investors Series Trust, a Massachusetts business trust (the “Trust”) and Jackson National Asset Management, LLC, a Michigan limited liability company (the “Adviser”).

Whereas, the Trust and the Adviser (the “Parties”) entered into an Amended and Restated Investment Advisory and Management Agreement, effective as of the 13^th day of September, 2021 (the “Agreement”), whereby the Adviser agreed to provide certain investment advisory services to several separate series of shares (each a “Fund”) of the Trust, as listed on Schedule A of the Agreement.

Whereas, the Board of Trustees of the Trust (the “Board”) has approved, and the Parties have agreed to amend the Agreement for the following changes, effective May 1, 2023:

To amend Schedule A to change the name of the existing share class for the JNL Government Money Market Fund (from “Institutional” Class to Class “I”);

To amend Schedule A to add a new share class (Class “SL”) for the JNL Government Money Market Fund; and

To amend Schedule B of the Agreement to reflect advisory fee changes for the JNL Government Money Market Fund.

Now Therefore, in consideration of the mutual covenants herein contained, the Parties hereby agree to amend the Agreement as follows:

Schedule A to the Agreement is hereby deleted and replaced, in its entirety, with Schedule A dated May 1, 2023, attached hereto.

Schedule B to the Agreement is hereby deleted and replaced, in its entirety, with Schedule B dated May 1, 2023, attached hereto.

Each of the Parties represents and warrants to the others that it has full authority to enter into this Amendment, upon the terms and conditions hereof, and that the individual executing this Amendment is duly authorized to bind the respective party to this Amendment.

This Amendment may be executed in one or more counterparts, which together shall constitute one document.

In Witness Whereof, the Adviser and the Trust have caused this Amendment to be executed, effective May 1, 2023.

JNL Investors Series Trust		Jackson National Asset Management, LLC

By:	*/s/ Kristen K. Leeman*	By:	*/s/ Mark D. Nerud*
Name:	Kristen K. Leeman	Name:	Mark D. Nerud
Title:	Assistant Secretary	Title:	President and CEO

Schedule A

Dated May 1, 2023

(List of Funds)


Funds	Class(es)
JNL Government Money Market Fund	Class I
JNL Government Money Market Fund	Class SL
JNL Securities Lending Collateral Fund	Institutional Class

A-1

Schedule B

Dated May 1, 2023

(Compensation)

Funds

Assets

Advisory Fee

(Annual Rate Based on Average Net Assets of each Fund)

JNL Government Money Market Fund

$0 to $1 billion

$1 billion to $3 billion

$3 billion to $5 billion

Over $5 billion

0.090%

0.080%

0.070%

0.060%

JNL Securities Lending Collateral Fund

$0 to $3 billion

$3 billion to $5 billion

Over $5 billion

0.040%

0.035%

0.030%

B-1